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Choose instruments with a higher lock-in period to get better returns
Posted on Author Profaides.com
Last week, the country’s largest bank – State Bank of India (SBI) – cut the marginal cost of lending rate by five basis points, which is good news for borrowers. But it slashed deposit rates by 10-50 basis points. Clearly, fixed deposit (FD) investors would take a bigger knock. Others like Bank of Baroda have […]